How Economic Shifts in the US & Canada Are Impacting Home Prices

The economic landscape in both the US and Canada is showing significant shifts that have important implications for homeowners, the housing market, and the broader economy. Recently, the Bank of Canada (BoC) made a notable move by cutting interest rates by 0.25%, hinting at further cuts to come. This action aligns with market expectations, with a cumulative 0.5% cut so far and forward guidance pointing to an additional 0.50% reduction, potentially ending 2024 at a 4% rate. This decrease from ...